Our Daily Gold & Silver
Market Reports

Mid-Day Gold & Silver Market Report – 10/25/2012

GOLD UP ON FED ASSERTIONS OF MORE QE3; STOCK MARKET DOWN ON EARNINGS As Gold faltered yesterday and flirted with sub-$1,700 levels for the first time in almost two months, the Federal Reserve’s reiteration of further liberal monetary policy has boosted the Gold price today. Weak economic development and feeble jobs numbers continue to be the driving forces b... Read More

Morning Gold & Silver Market Report – 10/25/2012

FESTIVAL SEASON IN INDIA SPURS GOLD DEMAND Precious Metals prices are rising this morning thanks, in part, to a softer U.S. dollar. Playing a part in Gold’s price increase is physical demand in India, as festival season starts. Edel Tully of UBS AG said, “After India’s festival celebrations yesterday, physical buying is startin... Read More

Closing Gold & Silver Market Report – 10/24/2012

FED ANNOUNCEMENT: QE3 WILL CONTINUE U.S. stocks dropped to a seven-week low following the end of a two-day Federal Reserve meeting to discuss economic strategy going forward. Few are surprised to learn that plans for indefinite monetary easing and near-zero interest rates until 2015 remain unchanged. "At first glance I don't see any surpris... Read More

Mid-Day Gold & Silver Market Report – 10/24/2012

CHINA’S GOLDEN INSIGHT; U.S. GROWTH STILL SLOW Gold has stayed relatively flat in the market today. The lull may be short lived based on what the U.S. Federal Reserve does in its two day meeting this week. It doesn’t seem to matter to China what the market is doing in the short term because all year they have been on a Gold buying spree. They have purchased 512 tons of Gold in the first eight months of this year alone. Because of China’s large foreign exchange reserve, it ha... Read More

Morning Gold & Silver Market Report – 10/24/2012

GOLD FACES THE EUROZONE’S NEGATIVE NEWS The price of Gold has seemed to lose its momentum after the credit ratings of five Spanish regions were downgraded yesterday, which pushed the euro and Gold down. The U.S. dollar is stronger today after Germany's business sentiment dropped for the sixth consecutive month, reflecting a weaker economy. Jeremy East at Standard Chartered believes the yellow metal is be... Read More

Closing Gold & Silver Market Report – 10/23/2012

GOLD STAYS DOWN; MONETARY EASING DEVELOPMENTS Gold has seen a significant dip in price today. With any strong movement in prices there is usually an underlying cause, and today that has been the struggles of the European economy. Spain has had their credit rating downgraded and has fallen behind in their debt reduction plans. The news has caused the euro to lose value and in turn has added value to the U.S. dollar. Read More

Mid-Day Gold & Silver Market Report – 10/23/2012

CHINESE ECONOMY LAGS; IRAN TRADING GOLD TO AVOID SANCTIONS? Gold prices continue to give ground through midday trading as soft corporate earnings and Spanish credit downgrades undercut the euro and U.S. stock markets. Gold bullion, which is seen as an inflation hedge, has pierced below its 50-day moving average. “It feels like deflation is now back in, and the quantitative easing is not going to help out the... Read More

Morning Gold & Silver Market Report – 10/23/2012

HEAD OF BANK OF ISRAEL SEES GLOBAL RECESSION Precious Metals prices are being dragged down by the euro, even as U.S. stock market indexes are falling. The credit ratings of five Spanish regions were downgraded, hurting the euro’s price. Deutsche Bank analyst Daniel Brebner said, “You’ve had QE priced in and what we’re seeing now is a bit of at retraceme... Read More

Closing Gold & Silver Market Report – 10/22/2012

GOLD MOVES AHEAD OF FED MEETING; GREECE REBUILDING CONFIDENCE Gold is slowly climbing today ahead of tomorrow’s Federal Reserve meeting. There is no expectation of further easing after the recent launch of QE3, in which the Fed announced it would buy mortgage backed securities at a rate of $40 billion per month. The meeting will provide details on how the... Read More

Mid-Day Gold & Silver Market Report – 10/22/2012

GOLD HIGHER AFTER TWO WEEKS OF LOSSES; INVESTORS AWAIT GLOBAL POLITICAL ACTION Gold is trading modestly higher today following a week of hefty losses. “Gold is hanging in a trading range with a slight upward slant with bargain hunters buying ahead of a two-day [Federal Open Market Committee] meeting this week,” said Jeffrey Wright, a mana... Read More

Morning Gold & Silver Market Report – 10/22/2012

GOLD & SILVER REBOUNDING OFF MORNING DIPS Friday’s disappointing corporate earnings drove stock prices down more than 200 points and took Gold prices down 1.8 percent as investors sought the safety of the U.S. dollar. This morning, the U.S. dollar is down allowing Gold prices to move up off morning lows. Gold may also be getting support out Europe, as Spain’s Prime Minister ... Read More

Closing Gold & Silver Market Report – 10/19/2012

SPAIN CAUSES COMMOTION IN THE MARKET; FISCAL CLIFF HERE BEFORE WE KNOW IT Spain unsuccessfully requested a bailout today from the eurozone to rescue itself from a financial collapse, which directly affected the euro and gold negatively by pushing both down. "We're hearing Europe, the financial crisis; you're starting to hear that again, so th... Read More

Mid-Day Gold & Silver Market Report – 10/19/2012

GOLD DOWN ON EURO NEWS; STOCKS DROP ON WEAK CORPORATE DATA Gold is set for another day of losses as the euro softened in anticipation of the EU summit’s closing in Brussels. Plans for immediate assistance to the profoundly struggling nations of Greece and Spain went largely unmentioned as the falling euro dragged Gold down with it. Though the metal has descended sha... Read More

Morning Gold & Silver Market Report – 10/19/2012

FRENCH PRESIDENT CLAIMS EUROZONE IS ‘ON TRACK’ – IS IT? The euro is down this morning after the EU summit ended with no major developments. French President Francois Hollande believes the eurozone is “on track” to fixing the problems in the region, but he’s not fooling anyone. A statement from the summit claimed that banking supervision was coming, but as Alex White of JPMorgan said, “The statement repeated ... Read More

Closing Gold & Silver Market Report – 10/18/2012

GOLD DOWN ON PROFIT TAKING; HOUSING PERMITS BOOST ECONOMIC INDEX Gold closed down today as continued euro uncertainty and a weak U.S. equities market had many investors looking to consolidate gains. A battle of wills between Berlin and Paris over greater European Union control of national budgets weakened the euro, and Gold, relative to the dollar. Adding to the pressure was new data showing China’s economy slowed for yet another quarter. “Without any other major d... Read More

Mid-Day Gold & Silver Market Report – 10/18/2012

PIMCO OFFICIALS BELIEVE MANY COUNTRIES WILL BE DOWNGRADED Precious Metals prices have been relatively flat in morning trading. “Investors are not sure whether there will be more stimulus from China after today’s strong data,” Adam Klopfenstein of Archer Financial Services Inc said. A slew of Chinese economic data showed better n... Read More

Morning Gold & Silver Market Report – 10/18/2012

GOLD TRADING LOWER ON SOFTER EURO; JOBLESS CLAIMS RISE Precious Metals are trading lower this morning, in line with a softer euro. Though the euro is down today, it is up approximately 1 percent for the week, and some analysts are speculating that the reason is all in the minds of investors. Instead of expecting this week’s EU summit to... Read More

Closing Gold & Silver Market Report – 10/17/2012

GOLD UP ON WEAK DOLLAR; INVESTORS FOCUS ON EUROZONE Gold ended the day higher as a weaker dollar drove the metal up for the second day in a row. Increased confidence over Europe’s debt dilemma is the main catalyst pushing down the dollar. Though Gold experienced mild gains today, a significant price boost was halted by positive news about the U.S. housing market. A ... Read More

Mid-Day Gold & Silver Market Report – 10/17/2012

GOLD HOVERS; U.S. SHOWS IMPROVEMENT Gold is up slightly today, but over the past few weeks the Precious Metal has been relatively flat. The upcoming U.S. presidential election and economic turmoil in Europe have been two of the main culprits for the lack of any notable movement in the market. One of the reasons for the s... Read More

Morning Gold & Silver Market Report – 10/17/2012

PIMCO ADDS TO ITS GOLD POSITION; SPAIN EXPECTED TO ASK FOR BAILOUT Gold is slightly up this morning as anticipation builds before this week’s European Union leaders’ meeting to discuss Spain’s financial crisis. Germany will assist Spain if they ask for a bailout, and that willingness to help is supporting the euro. “Gold and the precious complex have been held afloat overnight and this morning by a stronger euro,” Edel Tully, an analyst at UBS AG in London, wrote today in a ... Read More

Closing Gold & Silver Market Report – 10/16/2012

GOLD REBOUNDS; EURO’S FUTURE DEPENDS ON GERMANY After a four week low, Gold rebounded today on the news of a possible bailout for Spain, which caused the euro to gain value and in turn caused the dollar to slip. Historically, when the dollar goes down the price of Gold increases. “The Gold market experienced momentum-based selling but app... Read More

APMEX’s ‘Market Reports’ provide our readers with a review of spot price activity and some of the factors that may be affecting the market for precious metals, three times during the trading day. While the information is obtained from sources we believe to be reliable, we do not guarantee its accuracy or its completeness and we encourage you to conduct your own investigation prior to making any decision based on the information. The "News and Commentaries" are not intended as a comprehensive discussion and there may be other factors that may be affecting the financial marketplace. These "News and Commentaries" are provided for informational purposes only and do not constitute a recommendation by APMEX to hold, to purchase or to sell any precious metal product. All orders, all purchases and all sales, if any, are subject to the terms of the User Agreement and other applicable policies.

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